Hy2gen AG and SAF+ Consortium to develop Québec hydrogen sector, Canada
Published by Isabelle Keltie,
Editorial Assistant
Global Hydrogen Review,
Hy2gen Canada and SAF+ Consortium have signed a MoU that will allow them to contribute together to the development of the Québec hydrogen sector. The two companies will work together towards the development of structuring projects in the hydrogen industry sector, more specifically green aviation fuels, starting with a Quebec-based project.
Hy2gen AG successfully completed a €200 million fundraising earlier this year. That capital will be used for the construction of installations on a number of geographic areas, including Europe, that will be producing synthetic green hydrogen-based fuels, or “e-fuels,” for land and sea transportation, and the aviation industry. That investment which is now the largest private funds mobilisations dedicated to green hydrogen development to date, in being conducted by Hy24. The Caisse de dépôt et placement du Québec (CDPQ) is a partner and a strategic investor.
The SAF+ Consortium can also rely on a number of well-known partners in the aeronautic sector’s value chain. Among them are Airbus, the world’s most important aircraft manufacturer, Air Transat, which will be testing the clean fuel on their crafts; ADM Montreal Airport, which will bring support for the transportation of clean fuels to YUL Aéroport international Montréal-Trudeau; and Aéro-Montréal, Québec’s Aerospace Cluster.
According to Hy2gen CEO and Hy2gen Canada President Cyril Dufau-Sansot: “Hy2gen is convinced that hydrogen-based renewable fuels are a perfect short-term solution to the decarbonisation of the main producers of the greenhouse gasses such as the air sector and welcomes this partnership agreement with the SAF+ Consortium as part of our efforts and our expertise to help Québec not only to meet its greenhouse goals for 2030, but also to lead the way.”
According to SAF+ Consortium CEO Jean Paquin, “The alliance of our two companies creates a champion in Québec’s green hydrogen industry and the setting up of a strong renewable fuel industry for the decarbonisation of the aviation sector.”
For more news and technical articles from the global hydrogen sector, read the latest issue of Global Hydrogen Review magazine.
Global Hydrogen Review's Spring 2022 issue
The inaugural issue of Global Hydrogen Review is full of detailed technical articles and case studies exploring the entire spectrum of hydrogen production and its applications worldwide. This issue covers a range of topics including the current status of blue hydrogen, how cryogenic technology is helping to shape the energy transition, and integrity management of hydrogen pipelines. Other features include green hydrogen, simulation, transportation, compressor technology, and much more.
Read the article online at: https://www.globalhydrogenreview.com/hydrogen/30052022/hy2gen-ag-and-saf-consortium-to-develop-qubec-hydrogen-sector-canada/
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